The United Arab Emirates (UAE) is an Arab country located in the southeast end of the Arabian Peninsula on the Persian Gulf, bordering Oman to the east and Saudi Arabia to the south, as well as sharing sea borders with Qatar and Iran. The UAE comprises of a federation of seven emirates namely, Dubai, Abu Dhabi, Sharjah, Fujairah, Ras Al-Khaimah, Umm Al-Quwain and Ajman which have their own rules and regulations. The Federation was formally established on 2 December 1971. Arabic is the official language and English is the predominant language in business world.

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Welcome to United Arab Emirates
“Let Intuit be your host”
Contents
I. UAE Overview 4
II. Dubai and the world 5
III. Why United Arab Emirates 6
1. Strategic Location 6
2. Attractive Business Climate 7
3. Promising Economy 7
4. Reliable Partner 9
5. A competitive Region 9
6. Free Zones 10
7. International Financial Centre 11
8. World Class Infrastructure 12
9. Quality of life 13
10. World Conference & Events 14
IV. Intuit Management Consultancy 15
V. Appendices 16
VI. Bibliography 18

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Hello friends,
We appreciate your interest in investing in United Arab Emirates and we, as Intuit are delighted to introduce
our country and help you in the process of strategic investment decisions.
We are very pleased to provide this document about some of the most required considerations that investors
need when considering to invest in United Arab Emirates.
We foresee this opportunity of establishing a professional relationship as our commitment in supporting your
strategic plans. With a multi-jurisdictional presence and pragmatic approach, our clients are advised and
guided by a team of experts with an in depth understanding of the often complex requirements.
This document has been developed by Intuit Management Consultancy. The information contained herein its
intended for general use, and it has been obtained from public sources and summarizes most current
questions that potential investors look upon in United Arab Emirates. Moreover, this information will be
updated from time to time, and we suggest that application to specific situations or deeper information
should be determined through consultation with our financial and tax advisors.
Our Intuit will be delighted in helping you to answer more specific questions for operating a business in
United Arab Emirates. If any such, do not hesitate to contact us.
Intuit is a member of
ICAI – Institute of Chartered Accountants of India
IFA – International Fiscal Association
ITPA –The International Tax Planning Association

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Country
2012 FDI Inflows
(millions of dollar)
United States 167,620
China 121080
UAE 9,602
Germany 6564
Philippines 2797
Japan 1730
Nigeria 7028
UAE overview
The United Arab Emirates (UAE) is an Arab country located in the southeast end of the Arabian
Peninsula on the Persian Gulf, bordering Oman to the east and Saudi Arabia to the south, as well as sharing
sea borders with Qatar and Iran. The UAE comprises of a federation of seven emirates namely, Dubai, Abu
Dhabi, Sharjah, Fujairah, Ras Al-Khaimah, Umm Al-Quwain and Ajman which have their own rules and
regulations. The Federation was formally established on 2 December 1971. Arabic is the official language and
English is the predominant language in business world.
The UAE is the region's third largest exporter of
crude oil, after Saudi Arabia and Iran. It has the world’s sixth
largest proven reserves of conventional crude oil and the
fifth largest proven reserves of natural gas. The government
successful efforts on economic diversification in trade,
logistics, banking, tourism, real estate and manufacturing
have reduced the portion of GDP based on oil and gas
output to 25%. Indeed in four decades the infrastructure
have developed to such an extent that the UAE today might
be one of the most hyper-connected places on the planet,
where more than 200 different nationalities mingle daily.
The UAE has also joined with Australia and the US as one of the most attractive destinations globally for
foreign talent and investment released by INSEAD in Jan2013.

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Emirates Area(Sq kilometres)
Abu Dhabi 67,340
Dubai 3,900
Sharjah 2600
Ajman 260
Umm Al Qaiwain 770
Ras Al Khaimah 1700
Fujairah 1300
Dubai and the world
Geography & Demography:
Dubai is situated on the Persian Gulf coast of the United Arab Emirates. It is roughly at sea level (16 m
or 52 ft above). The emirate of Dubai shares borders with Abu Dhabi in the south, Sharjah in the northeast,
and the Sultanate of Oman in the southeast. Dubai covers an area of 1,588 mi² which represents a significant
expansion beyond its initial 1,500 mi² designation due to land reclamation from the sea.
2,565,000
UAE Population
2,362,000
1260669
531160
82000
421000
330296
Abu Dubai Sharjah Ajman Umm Al Ras Al Fujairah
Dhabi Qaiwain Khaimah
The three most populated Emirates are Abu Dhabi, Dubai and Sharjah; approximately 83 percent of the total
population belongs to these emirates
Culture & Climate
Dubai,UAE culture is essentially very colorful and vibrant. The Emirate provides all the economic and
social benefits that people dream of. The increasing globalization factor and the settling of various immigrant
groups have transformed the city into a melting pot of different nationalities and have given rise to a
cosmopolitan culture that is in synch with other global cities. The Emirati society is divided into two social
categories: the nationals (Al-Muwateneen) and the foreign immigrants, referred to as the incomers (Al-
Wafedeen).
Political System
Dubai's government operates within the framework of a constitutional monarchy, and has been ruled
by the Al Maktoum family since 1833. The current ruler, His Highness Sheikh Mohammed bin Rashid Al
Maktoum, is also the Vice President and Prime Minister of the United Arab Emirates

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Why United Arab Emirates
1. Strategic Location
United Arab Emirates (UAE) is well established as the Middle East’s prime destination for the regional
headquarters of multinational corporations. Its global reputation as a wealth generator and investment
stronghold continues to drive the city’s growth. United Arab Emirates is a time zone bridge between the Far
East and Europe on the East-West axis and the CIS and Africa on the north-south axis.
Its geographic position gives companies instant access to the diverse and expensive markets of the
Middle East, Northern and Southern Africa, the Indian subcontinent and the CIS countries. Its sophisticated
logistics infrastructure is truly world-class, seamlessly integrating Europe with the Far East. It is a gateway to
the market that can be characterized as:
 Large - well established trading links exist with the greater than 1.5 billion people in the
neighboring region covering the Gulf, Middle East/Eastern Mediterranean, CIS, Central
Asia, Africa and the Asian sub-continent
 Prosperous - a buoyant local economy strategically located in the midst of one of the
world’s richest regions and well endowed with ample supplies of cheap energy and
primary aluminum and also adjacent to major regional suppliers of vital agro-export
commodities
 Accessible - served by over 120 shipping lines and linked via 85 airlines to over 130 global
destinations
The diversification along with its strategic location, world class infrastructure and ease of business
philosophy make as the natural choice for local and international organizations to either begin operations or
expand into the Middle East.

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2. Attractive Business Climate
United Arab Emirates (UAE) is the perfect gateway between East and West and the preferred hub for
the region’s imports and exports market. United Arab Emirates has a tropical desert climate because of its
location within the Northern desert belt. The summers in United Arab Emirates are extremely hot, windy, and
humid with an average temperature varies in between 29 °C - 42 °C (84 °F -108 °F).Winters are warm with an
average high of 23 °C(73 °F) and overnight lows of 14 °C (57 °F). A year-round sunshine and an array of
beaches making United Arab Emirates as a great place to do business compared to any other countries.
The country has already made major advancements in clean energy and climate protection, such as
through producing zero carbon power, investing in clean energy projects locally and internationally. They
pioneer the new technologies to cut emissions and improve the efficiency of energy and water. And also
became a leader in international cooperation, by hosting the International Renewable Energy Agency (IRENA)
and actively participating in UN climate change negotiations.
Business Hours:
The official weekend is on Friday and Saturday. Some smaller private companies may
close only on Friday.
Government offices will open at 7.30 a.m. and close at 3.00 p.m (local time). Private
offices tend to keep longer hours, many coming back to work in the evening after an
extended mid-day break, whilst others are open from 8 a.m. to 5 p.m.
3. Promising Economy
Year 2005 2006 2007 2008 2009 2010 2011 2012 E2013
Nominal GDP(USD
billion) 180.6 222 257.9 314.5 259.7 283.9 342 362 400
Real GDP Gowth
rate 8.60% 8.80% 6.60% 5.30% 4.80% 1.30% 5.20% 4.00% 3.50%
UAE Economic Performance
The UAE's nominal GDP is expected to gain more than US$11 billion in 2013 to peak at an all-time
high before hitting another record of more than US$400bn for the first time in 2014. United Arab Emirate’s
economy is headed for the fastest expansion in six years, with the gross domestic product, adjusted for
inflation, accelerating to 4.9 per cent in the first half of 2013, Dubai’s real GDP grew to Dh169 billion in the
first half of 2013 from Dh161 billion in the first half of 2012, and growth covered almost all non-hydrocarbon
sectors. Real GDP is also projected to perform well through these years, with growth of about 3.5 per cent in
2013 and 3.4 per cent in 2014.

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Dubai's sectors share in 2nd quarter of 2013
Financial
Services, 12%
Others, 8%
Transportation,
14%
Wholesale &
Retail, 29%
Real Estate , 13%
Construction, 8%
Manufacturing,
16%
Dubai's economy continued its post-crisis recovery and expanded by around 4.7 per cent in the
second quarter of 2013, driven by strong performance in trade and most non-hydrocarbon sectors. Real
growth will be driven mainly by expansion in the non-hydrocarbon sector as the oil sector is forecast to slow
down in 2013-2014 because of lower crude prices and stable production by the country. The economy of
Dubai looks set to sustain its growth momentum with investor confidence on the return and increasing
activity across core sectors such as trade, tourism, manufacturing and even real estate as reflected in the
overall business sentiment in the emirate.
Dubai Foreign Trade Structure
Re-Exports
28%
Exports
12%
Imports
60%
According to the latest figures from Ventures ONSITE, the UAE has a value of projects planned, under
tender, under construction or on hold, of US$900,953 million where Dubai itself holds 1/3rd of values.
Likewise, project values for the Kingdom of Saudi Arabia are US$673,490 million, Qatar US$108,063 million
and Kuwait US$142,924 million. Dubai boasts an extensive foreign trade network extending to 179 states
thus offering the investor an extensive choice of potential global marketing outlets for a diverse portfolio of
goods and services.

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Agency UAE Ratings
Standard &
Poor AA
Moody AA2
Fitch AA
4. Reliable Partner
The affirmation of UAE "AA" rating leaves it as S&P's highest-rated sovereign entity in the Middle East
alongside Qatar, which shares an "AA" rating.
The ratings agency said the region in general and Dubai in particular
has made significant progress in the restructuring of government-
related entities (GREs) that piled up hefty debt in order to make
foreign investments. Risk perceptions of Dubai had also eased since
last year and that has been reflected in the falling cost of insuring
its sovereign debt.
In S&P's opinion, market confidence in the Dubai government's ability to support remaining GREs in
need has increased, given the track record of recent successful restructurings
Fitch statements were: “Many of the big sources of market uncertainty have disappeared and the
default assumption as to the UAE has flipped from anxiety to confidence on the whole,"
The outlook for the UAE's banking system has been changed to stable from negative, published by
Moody's on Nov2013. The strength of the UAE banks' liquidity is reflected in the banking system's
liquid assets-to-total assets ratio of 30% as of December 2012 as well as a loans-to-deposit ratio of
93% (down from 108% in 2008). The outlook change reflects the continued improvements in the
operating environment, as well as the ongoing recovery of the local real-estate market, which
Moody's believes will lead to a decline in problem loan levels and an increase in profitability over the
next 12 to 18 months.
5. A competitive Region
The UAE had achieved recognizable progress in its global competitiveness ranking according to the
IMD World Competitiveness Yearbook 2012. The UAE has managed to climb up 12 places (16th) from 28th in
the previous year (2011) thanks to its reliable infrastructure, business-friendly environment and a dynamic
economy. It was the greatest ranking increase of any country surveyed by the Swiss global business school.
India
Italy 65
France 38
Saudi Arabia 26
UAE 23
United Kingdom 10
Singapore 1
134
0 20 40 60 80 100 120 140 160

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Parameters Rank
Ease of doing Business 23
Dealing with Construction
Permits 5
Getting Electricity 4
Registering Property 4
Paying Taxes 1
Trading Across Borders 4
Getting Credit 86
Protecting Investors 98
Enforcing Contracts 100
The World Bank and the International Finance Corporation (IFC) assesses regulations affecting the
domestic firms in 189 economies and released a Doing Business for 2014 report recently. Strong
improvements in business efficiency, productivity and economic performance and continued modernization
of UAE’s business legislation were the main drivers of the UAE’s increased rankings.
 The UAE tops the region in starting a
business, getting electricity, registering property,
paying taxes (first globally) and trading across
borders.
 The World Bank rated Dubai as the largest
business city among emirates in UAE region.
 The second best place in the region for the
ease of dealing with construction permits, after
Bahrain, getting credit after Saudi Arabia.
 Also, the UAE has improved its ranking for
protecting investors, moving from the 137th spot
globally in 2013 to 98 in 2014
.
In addition, the UAE was ranked the highest in the Middle East and North Africa (Mena) region in
Trading across Border category. Similarly it ranked 1st among Arab countries and 17th worldwide on the UN's
recent World Happiness Report.
6. Free Zones
Investors can either register a new company in the form of a Free Zone Establishment (FZE) or simply
establish a branch or representative office of their existing or parent company based within the UAE or
abroad. Free Zones are part of the country’s territories but considered to be outside the customs territory
and subject to customs control other than normal customs procedures.
Free zones (sometimes called a free economic zone, duty free zone, tax free zone, trade free zone or
free trade zone) in the UAE allow 100% foreign ownership and have no taxes - usually guaranteed for 15 or
50 years. Each free zone has its own specific requirements regarding minimum office/warehouse space and
permitted activities. Companies outside the free zones require a local (Emirati) sponsor and allow maximum
49% foreign ownership.
Establishing a business entity in one of the UAE's Free Trade Zones (FTZs) will be an attractive option for
foreign investors. The major advantage in setting up in a free zone is
100 per cent foreign ownership of the enterprise
100 per cent import and export tax exemptions
100 per cent repatriation of capital and profits
All profits can be transferred out of the country and there are no currency
restrictions.

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No corporate taxes for 15 years, renewable for an additional 15 years
No personal income taxes
Assistance with labour recruitment and additional support services, such as
sponsorship and housing.
The procedures for establishing a business in a Free Trade Zone are usually very straightforward and can be
completed in a short space of time, especially if there are no environmental issues involved. There are no
direct taxes on corporate profits or personal income (except for oil companies that pay a flat rate of 55% and
branches of foreign banks that pay a flat rate of 20% on net profit generated within Dubai).
There are more than 38 Free Zones operating in UAE. Some of the popular free zones are
1. Jebel Ali Free Zone
2. Sharjah Airport International Free Zone
3. Dubai Airport Free Zone
4. Dubai Media City
5. Dubai Internet City
Whereas Dubai itself holds 18 Free zones and 10 more free zones were in the planning
&development stage of Dubai.
The Jebel Ali Free Zone (JAFZ), Dubai was established in 1985 and was the first free zone in the UAE.
The number of companies resident in the free zone has grown from 19 in 1985 to over 6,400 in 2010. JAFZ
has generated over 160,000 jobs and accounts for in excess of 50% of Dubai’s total exports. JAFZ is
responsible for attracting 20% of all of the foreign direct investment in the UAE.
Earlier this year, Dubai Airport Free Zone reported it had seen an increase of more than 100 per cent
in the number of new companies setting up in 2011 compared with the previous year. Besides Free Zones,
the UAE has established strategic frameworks for increasing the number of small- and medium-sized
businesses in Special Economic Zones (SEZs)
7. International Financial Centre
The launch of Dubai International Financial Centre (DIFC) in 2004 marked the birth of a new hub in
the Middle East. DIFC is the world’s fastest growing international financial centre, bridging the time gaps and
the geographical distances between the major capital markets of New York and London in the West and Hong
Kong in the East. The main stock exchange of Dubai is the Dubai Financial Market (DFM), which includes
NASDAQ Dubai.
Financial services in the DIFC are regulated to international standards by the Dubai Financial Services
Authority (DFSA)

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International
Financial
Centre Rank
London 1
Newyork 2
Hong Kong 3
Dubai 23
Paris 26
Qatar 30
Abu Dhabi 39
Athens 79
March 2013 Global Financial Centre Index
 DIFC is also home to 18 of the top 25 global banks,
 6 of the 10 largest insurers,
 6 of the 10 top law firms and
 eight of the 10 asset managers in the world
The vision of the leadership of Dubai to diversify the economy and
make financial services a key contributor of GDP has been a key driver of the
success of IFC Dubai.
In addition to the free zone benefits, Institutions establishing a presence within the DIFC can also
potentially gain from the following key benefits:
• Potential access to the UAE’s wide network of double taxation treaties
• A world-class, independent, regulatory agency working alongside other financial regulatory
agencies located in major global jurisdictions
• International legal system based on Common Law of England & Wales (the only Common Law
jurisdiction in the region)
• A wholly transparent operating environment, complying with global best practices and
internationally accepted laws and regulatory processes
• An international stock exchange with primary and secondary listings of debt and equity
instruments
• Not a signatory to any international exchange of information agreements hence provides high
level of privacy and asset protection
8. World Class Infrastructure
Dubai has a sophisticated and world class transportation infrastructure served by over 242 shipping
lines and linked via 130 airlines to over 220 destinations in the world. Dubai is the third largest re-export hub
in the world after Hong Kong and Singapore. Dubai International Airport stands alongside Paris, London and
Hong Kong to be world’s busiest in terms of international passengers. Dubai World Central Airport will be the
world’s largest and during 2011, its first full year of operation, carried 90,000 tonnes of air freight.
Dubai’s advanced infrastructure includes the 47-mile-long, fully automated Dubai Metro, and world-
class airports, seaports, logistics facilities, conference centers and industry clusters in areas such as media, IT,
financial services and healthcare. This infrastructure also includes an array of hospitals, schools, universities,
world-class hotels, restaurants, shopping malls and entertainment destinations such as an indoor ski park and
the observation deck at the top of the Burj Khalifa skyscraper, which is the tallest man-made structure on
earth.

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Singapore 1
FrankFurt 2
London 6
Newyork 30
Dubai 34
Brimingham,UK 44
Miami,US 48
Abu Dhabi 72
Muscat 94
Dubai has been ranked as 34th best infrastructure in the world,
according to the Mercer City Infrastructure Ranking for 2012,
making it the only Middle Eastern city to appear in the top 50 list.
Dubai’s ranking was the best in the Middle East, with the majority of
region’s cities ranking outside the top 100.
Traditionally, World Expos trigger an investment rush in infrastructure development to the host city.
The Chinese government spent over $40 billion on developing and improving infrastructure in the build up to
Shanghai Expo 2010, adding six new metro lines, roads, tunnels, bridges and a high-speed rail link. United
Arab Emirates’s prolific win to host Expo 2020 will fast-track infrastructure developments such as rail projects
and ramp up logistics facilities that are worth billions of dollars. United Arab Emirates has allocated a large
chunk of its Expo budget to building and developing its infrastructure and improving its logistics facility by
2020.
With the GCC hosting mega events such as the Fifa World Cup 2022 and Expo 2020 lined up, infrastructure
development are in high growth stage than never before.
9. Quality of life
United Arab Emirates has a multi-cultural diversity as expatriates were moving from multiple nations
and myriad backgrounds. The emirate’s extremely liberal and open-minded society compared to its neighbors
is resulted in mass immigration from all over the world, including people from western nations. The British,
Americans and Canadians make up some of the largest western expatriate communities in United Arab
Emirates. As a result, business entities can balance both the local and expatriate recruitment to create a team
with the cultural understanding and global exposure to drive real and measurable value to the organization.
United Arab Emirates is a popular destination for shopping in the Middle East. Shopping is a lucrative
tourism activity and the government of United Arab Emirates in collaboration with the retail sector has
capitalized by constructing various malls like Dubai Mall, Mall of the emirates, Bur Juman to name a few. It’s
not just a mall; it’s an entire shopping resort. United Arab Emirates offers
 Excellent infrastructural facilities,
 Low crime
 Clean environment
 Tolerance and cultural diversity
 Cosmopolitan life style
 Modern public administration
 Availability of a wide range of consumer goods and services
 Mild winters and clean, palm fringed beaches

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The local business class has a long tradition of trading activity and wide exposure to international
business practices and state-of-the-art technologies. Local entrepreneurs have already gained successful
experience with international partnerships in franchising, licensing, joint ventures, etc, in various sectors of
the economy.
10. World Conference & Events
The Dubai Convention Bureau is a division of the Department of Tourism and Commerce Marketing, a
non-profit government funded organization, is developing and increasing the Dubai’s share of the
international MICE and special events markets, whilst maximizing the economic prospects of Dubai. Dubai is
also the Middle East’s number one business tourism destination, hosting leading industry events and
exhibitions to millions of trade visitors looking to source local goods and services each year. In its own right,
the Meetings, Incentives, Conventions and Exhibitions (MICE) industry drives millions of dollars of revenue for
service providers, hotel owners and retailers among many others.
Global Village, an event where the international community gather together to display their culture
and heritage through exhibitions of traditional handicrafts, clothing, music, and dance is a focal point during
the shopping festival. Dubai World Trade Centre has seen a total of 1.4 million visitors from over 155
countries.
Some of the major events and exhibitions are
Extravaganza
Big 5 World Trade Centre
MiddleEast Electricity
Airport show
DIHAD
Papperworld MiddleEast
Dubai also hosts major international sporting events like The Dubai Desert Classic, Dubai Open, an ATP tennis
tournament, and the Dubai World Cup, the world's richest horse race draw thousands every year.
Recently, the United Arab Emirates has won the right to host the 2020 World Expo sparking national
jubilation as the business and tourism hub secured a fillip to its recovering economy. United Arab Emirates's
Expo 2020 will permanently change the way the world looks at Dubai, the UAE and the Gulf. United Arab
Emirates is expected to become as a leading centre of global innovation and one of the world's natural hubs
for business and intellectual leadership

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Intuit Management Consultancy
Intuit Management Consultancy is a cross border advisory firm focusing on the IMEA (India, Middle East &
Africa) region. Established in 1979, Intuit specializes in business setup solutions, company formation and
management, offshore incorporations, international tax planning, accounting & reporting services, corporate
finance, trademark registration, outsourcing solutions and recruitment services. In the current business
scenario, organizations as well as individuals are seeking solutions to optimize profits, reduce the incidence of
tax and protect their assets. We offer our clients one stop business solutions.
Why Intuit
Across all industries, functions, and continents, our clients agree that globalization is one of the
most vital prerequisites of healthy and promising growth. Intuit delivers an unique position with
combine business expertise through Think local Act global
Intuit assists in setting up all type of business entities like LLC, Free Zone, offshore company, etc.
Apart from the initial setup, we also identify and provide our clients additional cost saving
propositions and new business opportunities in UAE
As Intuit being a representative of CPAAI which enables us to serve clients in virtually any industry
across the globe
In-depth understanding of regulatory environments, market drivers, legal practices and customs
and on-the-ground support and guidance
Intuit is dedicated to provide quality service and customized solutions to clients thereby
maintaining a high standard of excellence
With a multi-jurisdictional presence and pragmatic approach, Intuit adds value to your business by
foreseeing changes, anticipating probable risks specific to each business and thereby providing a
comprehensive solution
Our commitment
At Intuit, our prime focus has always been to provide comprehensive solutions to suit client specific
requirements. We understand that tailor-made services are vital for client satisfaction. We assess, customize
and implement a solution that is best suited to meet our clients' goals. We believe that our image is
enhanced when our clients succeed in their business. Through the depth of our experience and breadth of
our expertise we establish the quality of your experience with us.
Apart from the initial setup we identify and provide our clients additional cost saving propositions
and new business opportunities. Thus, most of our clients have come to depend on us for guidance and
support in their business ventures.
The core values on which Intuit is working on are: Dependability, Reliability, Consistency and Commitment.
Our staff members have extensive experience in providing businesses with the services that they need so that
they can start operating without delay. Whether you are one of the top corporations in the world or a small
and medium-sized operation, we are here to help. Please feel free to get in touch with us so that we can talk
about how we can help your business get off to a running start. Let us be your partner in your UAE business
adventure. We constantly strive to excel in our commitment towards Customer Satisfaction.

16. Page 16
Appendices
Information about UAE double taxation treaties and agreements, and a list of countries that have signed
double tax treaties with the UAE.
First Double Taxation Avoidance Agreement (DTAA) was signed between the UAE and France in
1989 according to WAM news reports, but there was a limited DTAA signed between India and
UAE before that, covering air travel, and there was an agreement signed in 1975 between the
Arab Council of Economic Unity according to an Al Tamimi publication on Tax in the UAE.
Country Agreement or
News Date¹
Comments
Algeria DTAA
Armenia DTAA
Austria 22 Sep 2003 DTAA signed
Azerbaijan 30 Oct 2006 Double tax negotiations planned
Bangladesh 04 Nov 2009 Draft agreement signed
Belarus DTAA
Belgium 29 Jun 1997 DTAA signed
Bosnia &
Herzegovina
21 Jan 2004 Agreement initialed covering tax on investments
Brazil 07 Dec 2003 Agreement to negotiate a DTAA
Bulgaria 26 Jun 2007
Canada 10 Jun 2002 DTAA signed covering taxes on income and capital
Chile 15 Oct 2009 DTAA suggested by UAE (WAM report). Unknown if under negotiation.
China 19 Jun 1994 DTAA signed covering income but not capital
Colombia 18 Oct 2009
DTAA suggested by UAE (WAM report). Unknown if any negotiations in
progress.
Czech Republic DTAA
Egypt DTAA
Fiji 01 Aug 2012 Initial agreement signed to eliminate double taxation on income.
Finland 27 Feb 1997 DTAA signed
France 29 Nov 1989 DTAA signed for double tax avoidance on income
Germany 31 Mar 1996 DTAA signed covering double tax avoidance on income and capital
Greece 18 Jan 2010 Avoid double taxation
Greece 04 Jun 2008 Draft agreement to avoid tax on aviation business
Hong Kong 19 Jul 2010 Initial DTAA on commodities and services signed
Hungary 01 May 2013 Final DTAA signed on income with Hungary
India 20 Apr 2007 DTAA amended so UAE residents pay CGT on short term investments

17. Page 17
India 31 Aug 1993 DTAA signed for double taxation avoidance on income and capital
Indonesia 30 Jun 1996 DTAA signed covering income, but not capital
Italy 04 Dec 1995 DTAA signed covering income but not capital
Japan 17 Oct 2012 Initial agreement to avoid double taxation on income signed
Jordan 13 Jun 2005 DTAA signed
Kenya 21 Nov 2011 DTAA signed
Korea DTAA
Latvia 11 Mar 2012 Agreement signed for Avoidance of Double Taxation on Income
Lebanon 15 Nov 1998 DTAA signed, on income only, not capital
Libya 10 Jun 2010
Initial agreement signed after 2nd round of talks to prevent double
taxation
Lithuania 03 Jul 2013 DTAA signed
Luxembourg 20 Nov 2005 DTAA signed. Ratified in May 2009, effective 01 January 2010?
Malaysia 30 Jun 1996 DTAA signed covering tax avoidance on income and capital
Malta 13 Mar 2006 DTAA signed
Mauritius DTAA
Mexico 20 Nov 2012 DTAA signed to avoid double taxation on income
Mongolia DTAA
Montenegro 26 Mar 2012 DTAA and protection of investments
Morocco 29 Sep 1999 DTAA signed
Mozambique DTAA
Netherlands 02 Jun 2010 DTAA takes effect covering tax on dividend payments
New Zealand DTAA
Pakistan 24 Jan 1994 DTAA signed for double tax avoidance on income tax
Philippines 22 Sep 2003 DTAA signed
Poland 24 Jan 1994 DTAA signed for double tax avoidance on income tax
Romania 04 Dec 1995 DTAA signed covering capital but not income?
Russia 30 Oct 2006 Double tax negotiations planned
Seychelles DTAA
Singapore 30 Jun 1997 DTAA signed
Singapore 31 Mar 1990 DTAA signed for income from air transport between UAE and Singapore
South Korea
Spain 06 Mar 2006 DTAA signed
Sri Lanka 31 Aug 1993
DTAA for double tax avoidance on income from air transport between
UAE and SL
Sudan 12 Apr 2002 Agreement signed to allow tax-free profit repatriation
Switzerland May 1999 DTAA signed
Syria 28 Jun 2000 DTAA signed

18. Page 18
Tajikistan DTAA
Thailand 29 Nov 2000 DTAA signed
Tunisia 27 Feb 1997 DTAA signed for double tax avoidance on income and capital
Turkey DTAA
Turkmenistan 30 Nov 1999 DTAA signed
Ukraine DTAA
Uzbekistan DTAA
Venezuela 07 Jun 2010
Agreement signed for double tax avoidance, tax evasion prevention, on
income and capital
Vietnam Feb 2009
Yemen DTAA
03 Jul 2013 (Lithuania, WAM) - UAE and Lithuania signed an agreement concerning the avoidance
of double taxation on income and prevention of fiscal evasion with respect to income tax
01 May 2013 (Hungary, WAM) - UAE signed (on 30 Apr 2013) the final agreement for avoidance of
double taxation on income with the Hungary
21 Nov 2012 (Mexico, WAM news) - UAE signed a Double Taxation Avoidance Agreement (DTAA)
with Mexico on 20 Nov 2012 to avoid double taxation on income
As of 17 October 2012, UAE has signed and adopted 66 double taxation avoidance agreements
Bibliography
Main Sources Website
Government of Dubai www.dubai.ae
Dubai Statistics Centre dsc.gov.ae
Forbes Group www.forbecustom.com
Dubai International Financial Centre www.difc.ae
Dubai Expo Conference www.expo2020dubai.ae
Cass Business School, London www.cassknowledge.com
Free zone www.uaefreezones.com
Credit Rating firm www.moodys.com
UAE double taxation www.dubaifaqs.com
Media firm www.gulfnews.com; www.emirates247.com
Trading Economics www.tradingeconomics.com
Knowledge sharing
www.evi.com; www.wikipedia.org;
www.mapsofworld.com

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